Global Flexible Sigmoidoscopy Market Overview
Flexible Sigmoidoscopy Market: Synopsis
Emergen Research's new report, titled 'Global Flexible Sigmoidoscopy Market,' is methodically curated by our team of analysts with readers' comprehension in mind, and includes a comprehensive database of industry distribution. The report examines historical and current market scenarios in order to forecast the global Flexible Sigmoidoscopy Market outlook over the forecast period (2020-2027). Researchers took a comprehensive approach to global market analysis, highlighting the factors that influence the market's overall growth. The research employs effective analytical tools such as SWOT analysis and Porter's Five Forces to examine the strengths, weaknesses, opportunities, and threats associated with the growth of various market segments.
Sigmoidoscopy is a minimally invasive medical examination in which the large intestine is scanned, starting from the rectum through the sigmoid colon, which is the nearest part of the colon. The two main types of sigmoidoscopy include flexible sigmoidoscopy and rigid sigmoidoscopy. Flexible sigmoidoscopy is a medical procedure that uses a flexible endoscope to examine the rectum and the lower colon (sigmoid colon). On the other hand, the procedure of rigid sigmoidoscopy involves the use of a rigid endoscope for the screening. The flexible sigmoidoscope is a flexible tube-like device that is about 60 cm in length and nearly as thick as the little finger. As part of the sigmoidoscopic procedure, the device is gently inserted into the anus and is gradually advanced into the rectum and the lower colon. The examination is a simple and accurate method of diagnosing the root cause of severe rectal symptoms, such as diarrhea, constipation and abdominal pain, change in bowel habits, and rectal bleeding. The flexible sigmoidoscopy is regarded as one of the most accurate and colon screening methods and finds significant application in colon cancer surveillance.
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Global Flexible Sigmoidoscopy Market: Dynamics
The sigmoidoscope finds widespread application as an initial screening tool for colon cancer and other life-threatening colorectal diseases. The preliminary screening for various colon conditions, such as Crohn’s disease, polyps, ulcers, and cancerous tumor growth in the colon, requires the use of a sigmoidoscope. Over the past decades, there has been a major spike in the incidence rate of gastrointestinal diseases (GIT), which has led to a burgeoning demand for GIT diagnosis devices, including sigmoidoscope devices. According to the research report by Emergen Research, the aforementioned factor is a significant growth driver for the global flexible sigmoidoscopy market. The growing geriatric population, which is at a higher risk for gastrointestinal diseases, and the surging prevalence of colorectal cancer, are among the key factors accountable for the development of the global flexible sigmoidoscopy market. Moreover, unhealthy diets, changing lifestyles, and a higher rate of alcohol consumption and smoking increase the risk of acute gastrointestinal diseases and infections, thereby raising the requirement of more sigmoidoscopy devices across the globe. Hence, this is another key factor boosting global market growth. In 2019, the American Cancer Society (ACS) estimated around 145,600 adults in America to be diagnosed with colorectal cancer, of which around 101,420 were newly diagnosed with colon cancer and 44,180 with rectal cancer. Technologically upgraded sigmoidoscopy devices offered by the leading companies in this sector that offer various features, including shortened procedure times, also propel the growth of the global flexible sigmoidoscopy market.
However, there exist a few parameters that are expected to constrain the market growth during the forecast period. High costs of endoscopy procedures, coupled with unfavorable reimbursement policies in many developing countries are some of the restraining factors for the global market growth. In addition, in many developing and underdeveloped countries, there is an absence of skilled healthcare professionals to carry out the sigmoidoscopic procedures, which is another factor hampering the global market expansion.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Flexible Sigmoidoscopy market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Olympus, Fujifilm, Pentax Medical, Karl Storz, Parburch Medical, Hmb Endoscopy, RB Medical, Bolton Surgical, Welch Allyn
Research Report on the Flexible Sigmoidoscopy Market Addresses the Following Key Questions:
- Who are the dominant players of the Flexible Sigmoidoscopy market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Flexible Sigmoidoscopy market?
- What are the key growth drivers and restraining factors of the Flexible Sigmoidoscopy market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Flexible Sigmoidoscopy market and its key segments?
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Key Report Highlights:
- The report evaluates the global flexible sigmoidoscopy market consumption rate in terms of value and volume and focuses on the key regions/countries dominating the market.
- The report closely studies the global flexible sigmoidoscopy market, with a special focus on its segments and sub-segments.
- It gives a detailed account of the top manufacturers, assessing their sales volume, market share, competitive scenario, SWOT analysis, and key development plans.
- The report methodically profiles the key market players, examines their competitive developments and growth strategies, such as expansions, agreements, acquisitions, and new product launches.
Market Overview:
The report bifurcates the Flexible Sigmoidoscopy market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Global Flexible Sigmoidoscopy Market Segmentation:
Product Type
- Flexible Sigmoidoscope
- Rigid Sigmoidoscope
Application
- Diagnosis
- Monitoring
- Others
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Regional Landscape section of the Flexible Sigmoidoscopy report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
Global Flexible Sigmoidoscopy Market: Regional Analysis
The global flexible sigmoidoscopy market can geographically segmented into the following significant regions:
- North America (U.S. and Canada)
- Latin America (Brazil)
- Asia Pacific (Australia, China, Japan, India)
- Europe (U.K., Germany, France)
- Middle East Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)
North America dominated the global flexible sigmoidoscopy market in 2018. The increasing prevalence of colon cancer and other GIT diseases, the early adoption rate of advanced screening and diagnostic tools, and the presence of renowned manufacturers in the region are the key growth parameters for the regional segment. As per the Crohn’s Colitis Foundation of America (CCFA), up to 70,000 new cases of inflammatory bowel diseases are identified in the U.S. annually. Some of the emerging markets, including Latin America, Asia Pacific, and the Middle East Africa, are poised to witness impressive growth in the upcoming years. Furthermore, countries like China, India, and Brazil are likely to register robust growth owing to the growing investments by government bodies for the advancement of healthcare facilities.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Flexible Sigmoidoscopy market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Flexible Sigmoidoscopy with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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